Volkswagen to invest $800 million, build new electric vehicle in U.S.

[Eugene]

Source: Reuters

BUSINESS NEWS JANUARY 14, 2019 / 10:19 AM / UPDATED 34 MINUTES AGO

Volkswagen to invest $800 million, build new electric vehicle in U.S.

David Shepardson
2 MIN READ

DETROIT (Reuters) - Volkswagen AG (VOWG_p.DE) said on Monday it is investing $800 million to build a new electric vehicle at its plant in Chattanooga, Tennessee, as it shifts toward zero emission vehicles.

The German automaker, in an announcement at the Detroit Auto Show, said it is adding 1,000 new jobs and that electric vehicle production in Tennessee will begin in 2022.

German automakers have been under pressure from U.S. President Donald Trump to increase their investments in the United States.

VW will use a modular electric toolkit chassis (MEB) in Chattanooga. VW designed MEB to be the basic building block for its EVs and is intended to consolidate all of the vehicle’s electronic controls and reduce the number of microprocessors.

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Read more: https://www.reuters.com/article/us-autoshow-detroit-volkswagen/volkswagen-to-invest-800-million-build-new-electric-vehicle-in-u-s-idUSKCN1P81R1

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Source: Jalopnik

Volkswagen's Adding 1,000 American Jobs With a New EV Plant in Tennessee

Jason Torchinsky
33 minutes ago Filed to: VOLKSWAGEN



In Volkswagen’s big press conference here at the Detroit Auto Show, Volkswagen AG CEO Herbert Diess revealed that Volkswagen will be building an all-new factory facility to produce electric vehicles alongside their existing factory in Chattanooga, Tennessee. This factory will be the North American production site of such crucial vehicles as Volkswagen’s new-generation of mass-market electric cars like the ID Cross and, even more importantly, their promised new reborn electric Microbus, the ID Buzz.

Volkswagen says the new factory will add 1,000 new jobs, and will be focused on building cars using VW’s new MEB modular electric car platform. Production is slated to being in 2022, alongside similar factories in traditional VW strongholds in Emden and Hanover, Germany, and after factories in China and Zwickau, Germany, which begin MEB production in 2020 and 2019 respectively.

The press conference also described 2019 as being a year of “challenges,” citing economic and political instabilities. Oh boy.

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Read more: https://jalopnik.com/volkswagens-adding-1-000-american-jobs-with-a-new-ev-pl-1831735705